Disclaimer

The website is targeted at investors qualifying as professional investors under MiFID (Directive 2004/39/EU) only. Retail investors are therefore kindly asked to leave this website.

The website and its content is not intended for US Persons, who are kindly asked to leave the website and visit CWorldWide.com/US/

By continuing to use the website, you confirm that you are a non-US person qualifying as a professional investor.

Choose your local website by clicking the globe in the right corner.

The content of the website is for information purposes only. The information does not constitute, and shall not be considered as, an offer or invitation to purchase or sell any of the products or services mentioned on the website. The information, calculations, etc. on the website shall not be considered investment advice or requests to engage in investment operations.

All reasonable precautions have been taken to ensure the correctness and accuracy of the information available through the website. However, the correctness and accuracy is not guaranteed and C WorldWide Asset Management Fondsmaeglerselskab A/S accepts no liability for any errors, spelling mistakes or omissions. Neither is C WorldWide Asset Management Fondsmaeglerselskab A/S responsible for the suitability of the information on or the content of the website. The information on the website may be amended by C WorldWide Asset Management Fondsmaeglerselskab A/S at any time without notice.

The website and its content has been prepared in accordance with Danish law and the information provided may not satisfy the laws of any other country.

OVERVIEW

Investment Objective and Approach

The objective of the Fund is to generate high absolute returns from long and short investment positions in the Fund and related financial instruments such as financial futures and related options and swaps, and, over time, exhibit low correlation to the European equity markets. To achieve this result the manager will seek to exploit the Fund’s investment flexibility, which - subject to the conditions laid down for its activities - offers the following possibilities:

buy companies (go long) that the manager judges to be of a high potential that is not as yet fully reflected in the share price.

sell companies (go short) that the manager judges to be overvalued and of low or lower quality. To “go short” means to borrow a number of shares from a long-term investor in order to sell them on the equity market in the expectation that the share price will fall and it will be possible to buy them back at a lower price and thus make a profit.

buy/sell (issue) derivative instruments of a given share, sector or stock exchange.

By buying shares and at the same time selling borrowed shares and other types of assets, the manager can put together a portfolio capable of producing a positive return whether the expectations of the equity market are positive, neutral or negative.

Investment Framework

Maximum cash share

The Fund may place 100% of its capital in the moneymarket.

Individual equity exposureMaximum 20% of the Fund’s capital (but maximum 5% in a single derivative instrument).

Maximum gross market exposureVia borowings and financial instruments up to 250% or EUR 250 for each EUR 100 of the Fund’s capital in equities or the equity market.

Net market exposureMaximum positive exposure: The sum of bought and sold positions (net exposure) may not exceed 150% of the Fund’s capital or EUR 150 for each EUR 100.

Maximum negative exposure: The sum of bought and sold positions (net exposure) may not exceed -50% of the Fund’s capital or EUR 50 for each EUR 100.

The terms net positive exposure and net negative exposure designate the sum of bought positions minus the sum of sold positions. In other words, if the Fund has a net asset value of EUR 100, with long investments of EUR 70 and short investments of EUR 40, the net exposure is long 30%. The gross exposure in this case will be 110% of the net asset value.